Private equity firm GTCR and Mega Broadband Investments (MBI) have acquired Oklahoma-based Vyve Broadband from BBH Capital Partners (BBHCP) for an undisclosed sum. Vyve Broadband, which was founded in 2012, offers high-speed data, fiber connectivity, cable television and voice services to residential and business customers in eight states, including Oklahoma, Kansas, Texas, Arkansas, Louisiana, Tennessee, […]
Fintech industry news : Brazilian fintech Nubank, a financial technology provider in Latin America, has raised $400 million in its Series F investment round, marking the largest funding round raised till date by the firm. In addition to this new round, Brazil’s sixth-largest financial institution has raised $820 million in total in seven investment rounds. […]
NEC Corporation, a Japanese information technology (IT) services and products provider, has acquired Norwegian bioinformatics company OncoImmunity AS, enhancing its resources and capabilities that support the development of its individualized immunotherapy pipelines. OncoImmunity AS will now become a subsidiary of NEC and operate under the name of NEC OncoImmunity AS. Commenting on the acquisition, Osamu […]
Flex, a Singapore-based electronics manufacturing firm, has opened Flex Chennai Industrial Park 3, its new manufacturing facility in Walajabad, Tamil Nadu, India. According to the sketch-to-scale solutions provider, Flex Chennai Industrial Park 3 with 159,000 ft2 of space will further increase the company’s manufacturing operations in the country. Commenting on the launch of the plant, […]
T-Mobile, Sprint merger update : The US Department of Justice has cleared the proposed $ 26 billion merger of T-Mobile US and Sprint to create New T-Mobile following both the companies’ agreements with DISH Network. Under the deal with DISH, New T-Mobile will divest all Sprint’s pre-paid businesses, including Boost Mobile and Virgin Mobile, and […]
Apple has signed a deal with Intel to acquire the majority of the latter’s smartphone modem business for $1 billion as per the latest tech acquisition news. Apple to build its own modem with the acquisition of Intel’s smartphone modem business The acquisition of the smartphone modem business will enable Apple to develop its own […]
McDermott International has received a technology contract for grassroots fluid catalytic cracking unit (FCC unit) for the Panipat Refinery in Haryana, India owned by Indian Oil Corporation Limited (IOCL/ IndianOil). With a value between $1 million and $50 million, the contract involves technology license, basic engineering, proprietary equipment, training and technical services. The fluid catalytic […]
Air Liquide company Airgas has opened a new liquid carbon dioxide and dry ice facility in Stockton in California. The plant is a zero runoff/discharge site and technology at the site will arrest and recycle all process and rainwater that comes in contact with the equipment. Engineered to have a minimal environmental impact, the facility […]
Young Living Essential Oils, a US-based essential oils and other related products producer, has acquired CBD products manufacturer Nature’s Ultra, for an undisclosed price. Nature’s Ultra, which has more than 1,500 acres of hemp farms located in Colorado, will continue to operate independently. It will offer legal CBD products, which are natural, organic, vegan approved, […]
Packaging industry news : Thai packaging company SCG Packaging, a subsidiary of Siam Cement (SCC), has signed a conditional sale and purchase agreement to acquire a 55% stake in Indonesian packaging paper company PT. Fajar Surya Wisesa Tbk for future growth opportunities in the packaging business. The transaction is valued at approximately $665 million, which […]